#om

🥊 OKX accuses MANTRA of manipulating the OM token (twitter) The exchange denied statements made by MANTRA and outlined its position: ➥ A group of related accounts used large volumes of OM as collateral, borrowing USDT and artificially accelerating the price of the token.

➥ The OKX risk team recorded anomalies and requested corrective action, but was denied.

➥ After taking control of the accounts, the price of OM collapsed, with OKX liquidating only a minimal portion of the positions.

➥ All losses were fully covered by the OKX Security Fund.

➥ Independent analyzes indicate that the main collapse occurred in perpetual futures on other exchanges.

➥ The origin of large volumes of OM and the concentration of supply in a narrow group have never been explained.

➥ Evidence has already been submitted to regulators, and legal proceedings are underway.Previously: OM migration/ticker change